on’t take too seriously any speculations about what the next decade will hold. Be ready for another wave of astounding, unforeseen events.
The fundamental problem in this immense sector is the lack of free markets. The system has been dominated by third parties—insurers, government and employers. In what other industry, for instance, would government feel compelled, as the Trump administration has begun to do, to require providers to post prices?!?
In addition, expect big breakthroughs in cures , in cheap, personal and convenient delivery systems and in sweeping changes in how pharmaceuticals are manufactured.No sane person would posit that constantly changing weights and measures, such as the number of inches in a foot, the number of minutes in an hour, the number of ounces in a pound or the size of a gallon would “stimulate” the marketplace. Yet that’s exactly what central banks do with money, which is supposed to measure value.
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